Home » China Strikes Back At Trump’s Tariffs With Retaliatory Duties, US Company Sanctions, And WTO Showdown

China Strikes Back At Trump’s Tariffs With Retaliatory Duties, US Company Sanctions, And WTO Showdown

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China has responded forcefully to President Donald Trump’s recent tariff increases, implementing reciprocal tariffs on selected American goods, sanctioning U.S. companies, and announcing plans to file a complaint with the World Trade Organization.

What Happened: Beijing’s actions, timed to coincide with the U.S. doubling of universal tariffs on Chinese goods, include duties of 15% on U.S. poultry and agricultural products such as wheat, corn, and cotton, reported South China Morning Post. Tariffs of 10% will be applied to imports of soybeans, pork, beef, and various food products.

“The unilateral tariff measures launched by the United States seriously violate the rules of the WTO and undermine the basis for bilateral economic and trade cooperation,” said a Chinese Ministry of Commerce spokesperson in an official statement.

Beyond tariffs, the Ministry of …

Full story available on Benzinga.com

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